Where'd Cedar Fair come from?

Wednesday, January 15, 2003 4:25 PM
Did Cedar Fair spring off from the success of Cedar Point, or was it a company that had been around for a much longer time? I just couldn't figure out why the flagship park of Cedar Fair has such a similar name ( Cedar Point )

-----------------
Intelligence is a God given gift: Know how to use it.

+0
Wednesday, January 15, 2003 4:32 PM
Valley FAIR and CEDAR point merged sometime in the 80s. Hence Cedar Fair. Then they bought WoF, Dorney, the Knotts chain, and finally Michigans Adventure. Anyways, only Knotts and CP, and to some degree Dorney and Valleyfair, are major players that get rides yearly, and attendence at up to 3.6 million at knotts, and 3.25 at Cedar Point. Their stock (FUN) is at an ALL TIME high right now, compare that to vivendi, disney, and six flags.
+0
Wednesday, January 15, 2003 4:34 PM
Why else would FUN be at a high right now? Look what else is really high in their ownership. Oh yeah, so by saying "only Knotts and CP, and to some degree Dorney and VF" that pretty much includes everything.

-----------------
Wood Rules!

+0
Wednesday, January 15, 2003 4:41 PM

BeastFreak said:
Why else would FUN be at a high right now?


They know how to treat their guests. SF........"profits and attendence down due to the economy" my A**!

-----------------
- "I used to be in the audio/visual club, but I was kicked out because of my views on Vietnam........and I was stealing projectors" - Homer Simpson

+0
Wednesday, January 15, 2003 4:43 PM
Not WOF and Michigans Adventure ; ) I guess valleyfair doesn't really pull in the crowds either, and dorney barely cuts it compared to on of the local competetor's parks- SFGADv, which is top of the chain. CP and KBF are at Busch levels though, on the top 20 lists.
+0
Wednesday, January 15, 2003 4:46 PM
So who owned Cedar Point and Valleyfair! until they merged into Cedar Fair?

-----------------
Intelligence is a God given gift: Know how to use it.

+0
Wednesday, January 15, 2003 4:48 PM

Actually.. it's not at an alltime high right now.. so to speak..

It's 52 week range has been 19.59 - 24.80 and it closed today at 23.65.

Although.. it has been a consistant performer over the years as can be seen in this chart..

http://finance.yahoo.com/q?s=FUN&d=c&k=c1&a=v&p=s&t=my&l=off&z=m&q=l

Compare that to PKS's chart...

-----------------
June 11th, 2001 - Gemini 100
VertiGo Rides - 82
Technical Services - 2002
Frightzone Screamster - 2002

+0
Wednesday, January 15, 2003 4:52 PM

Cedar Point owned Cedar Point and Valley Fair owned Valley Fair.

Actually Cedar Point bought Valley Fair and formed a new holding company Cedar Fair, to own the properties.

-----------------
Coming in 2003-The Spawn Of Magnum!

+0
Wednesday, January 15, 2003 4:55 PM

Oh, so was it a purchase, OK.

BTW, that all time high was reached like last week......

+0
Wednesday, January 15, 2003 5:06 PM

Thats what I was always led to believe. I have been wrong before though. I think Cedar Point actually owned Valley Fair as far back as the late 70's.

Cedar Fair I know for a fact did not start trading units (not to be confused with stock) until 1987.

-----------------
Coming in 2003-The Spawn Of Magnum!

+0
Wednesday, January 15, 2003 5:33 PM
Oh, being a Limited Partnership, holders get dividends rather than the right to vote, right?.....
+0
Wednesday, January 15, 2003 5:45 PM

Stockholders get dividends as well. But those in a LP do not get voting rights correct.

The difference is basically for tax purposes. Those in an LP get much higher Dividends then those that own stock in a corporation.

-----------------
Coming in 2003-The Spawn Of Magnum!

*** This post was edited by MagnumForce on 1/15/2003. ***

+0
Wednesday, January 15, 2003 6:37 PM

Speedy said:
Anyways, only Knotts and CP, and to some degree Dorney and Valleyfair, are major players that get rides yearly...


Hmmm, I don't see WOF/OOF in there. They have received something every year since CF:LP took over. Also they were up this year while VF was flat to down.

-----------------

+0
Wednesday, January 15, 2003 6:38 PM
But just what do they get?
+0
Wednesday, January 15, 2003 6:46 PM

Swoosh: Shame on you. You know better! Like Mark Twain said, there's three kinds o' lies...

VF was off less than 1% without adding any new rides while WOF was up 2% with a new flat and all sorts of 'walk in the park free' promotions. That additional 2% gave WOF about 60,000 fewer visitors than VF. Multiply that by $15-20 and you'll find a million reasons why this is important.

That might explain why VF's getting their third big addition ($8.5-10 million) since '96, during which time WOF has had all of one.

See what you made me do?

-'Playa

*** This post was edited by CoastaPlaya on 1/15/2003. ***

+0
Wednesday, January 15, 2003 6:55 PM

Speedy said:
Not WOF and Michigans Adventure ; ) I guess valleyfair doesn't really pull in the crowds either, and dorney barely cuts it compared to on of the local competetor's parks- SFGADv, which is top of the chain. CP and KBF are at Busch levels though, on the top 20 lists.


I hate when uneduacted people write posts they want us to believe are facts. Dorney barely cuts it. God thats a joke. Their attendance last season smashed all the other Cedar Fair Parks. Lemme guess your from California?

-----------------
"You know its a good ride when you come into the final break run wiping tears from your eyes"-me

+0
Wednesday, January 15, 2003 7:01 PM

Not really. They did well (1.6 million) but only half of CP or KBF and nowhere near the SF park's numbers either. Not to mention that CP and KBF makes more money per attendee thanks to the hotels.

Of course, you should expect them to outperform VF, WOF and MiA--not as many people live in those areas.

-'Playa

-----------------
The CPlaya 100--6 days, 9 parks, 47 coasters, 2037 miles and a winner.....LoCoSuMo.

+0
Wednesday, January 15, 2003 7:08 PM

Not to mention that CP and Knotts have seperate admission waterparks, those rose 15% this year. Knotts has 3 (spread throughout the so. cal market), CP has 1. And CP had a larger increase in attendence than Dorney this year. 5% up vs. 4% up. Dorney had 1/2 of CP's attendence, and less than 1/2 of knotts attendence. But then Dorney pulls in almost 4 times as many guests as michigans adventure. Knotts did pretty well compared to DCA.

+0
Wednesday, January 15, 2003 7:12 PM

MagnumForce said:

The difference is basically for tax purposes. Those in an LP get much higher Dividends then those that own stock in a corporation.



Magnum Force is correct to some extent. A main difference is for tax purposes, in that partnerships are flow thru entities who are not taxed, but their partners are taxed on the royalties. Corporations are subject to taxation as an entity, and shareholders are taxed on dividends for double taxation. Also there is a difference in liability, in that Corporations create a total liability shield for shareholders, but there is at least one general partner in every LP that has full liability for acts of the partnership. Limited partners have liability protection but no voting rights, while general partners have voting rights.

+0
Wednesday, January 15, 2003 7:27 PM
CF has one general partner correct? Dick Kinzel?

-----------------
Coming in 2003-The Spawn Of Magnum!

+0

You must be logged in to post

POP Forums - ©2018, POP World Media, LLC
Loading...